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Petro-Victory Energy ( (TSE:VRY) ) has provided an update.
Petro-Victory Energy Corp. has successfully closed a non-brokered private placement financing, issuing 117,142 Class A common shares at C$1.50 per share, raising US$125,000. The proceeds are earmarked for working capital and corporate expenses, with the shares subject to a four-month hold period. This move is expected to bolster the company’s financial position, aiding its operations and potentially enhancing its market standing.
More about Petro-Victory Energy
Petro-Victory Energy Corp. is an oil and gas company focused on the acquisition, development, and production of crude oil and natural gas in Brazil. The company manages a portfolio that includes 49 concession contracts covering 276,755 acres, as well as additional joint ventures, and is committed to delivering sustainable shareholder value through disciplined investments in high-impact, low-risk assets. Its common shares trade on the TSX Venture Exchange under the ticker symbol VRY.
Average Trading Volume: 7,654
Technical Sentiment Signal: Sell
Current Market Cap: C$15.6M
See more data about VRY stock on TipRanks’ Stock Analysis page.